Commercial, Solar - January 3, 2018
SEIA publishes new C&I solar contract resources
The Solar Energy Industries Association on Jan. 3 announced the release of two documents it says were designed to spur investment in commercial solar projects.
The first is a sample contract that combines the benefits of a power purchase agreement with Property Assessed Clean Energy (PACE); the financing option was developed in partnership with Ballard Spahr and CleanFund Commercial PACE Capital Inc.
"The PACE PPA further builds out SEIA's suite of model contracts so all solar transactions can be efficiently negotiated and financed," Mike Mendelsohn, SEIA's senior director of project finance and capital markets said in a statement. "Our goal is to broadly open the U.S. commercial real estate sector for solar deployment, and the PACE PPA is a valuable tool to allow that progress to happen."
The second document was co-authored by SolarKal and is an educational report designed to explain the value of onsite solar to commercial property owners. The report, Solar Energy & Commercial Real Estate: Insights for Your Investment Property, explores how solar projects can allow commercial property owners to raise rents, lower operating expenses, negotiate lease extensions, and increase the net present value, or NPV, of their buildings.
The PACE PPA document, along with SEIA's other available model contracts and leases are available to download on its website.
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